Archived
Highly Rated Bridal Outfits And Suits Hire Business For Sale
Ashby-de-la-Zouch, Leicestershire
- Asking Price: £19,995 +SAV
-
Turnover:
We are advised as per the 2021/2022 accounts, the business generated a turnover in the region of £69,000. Further financials can be made available upon request.
Please quote reference B07076
- Tenure: Leasehold
Please quote reference B07076
Hilton Smythe are delighted to welcome to the market Leeson's, a highly respected clothing business that specialises in Mother of the bride outfits and occasionwear and only hire out Men's Formal Suit Hire.
The business was originally established a number of years ago, before our client took over in 2021 and rebranded it.
Only now does it come to the open market due to our clients desire to focus on her family.
As you can see from the business photographs attached, our client has invested greatly into the design and decoration of the modern shop unit.
Our client is the in-house occasionwear designer, with designers such as Sonia Pena, Carla Ruiz, Georgia Jo and Linea Raffaelli are available in-store and online.
Key selling points -
- High street location
- Only suit hire business in town
- Orders already in place for next year
- Turnkey opportunity/ready to expand
- Short lease/can be extended or relocated to a new location
- More suit bookings
- Introduce more marketing/advertising
- Extend operating hours
We are advised that the business is run and managed by our client, with the help of 3 members of staff.
The business hours are -
Monday: By Appointment
Tuesday: 10:00am – 5:00pm
Wednesday: By Appointment
Thursday: By Appointment
Friday: 10:00am – 5:00pm
Saturday: 10:00am -5:00pm
Sunday: Closed
Leeson's is located on Market St, in the town centre of Ashby-de-la-Zouch, Leicestershire.
The business gets high levels of footfall and passing trade, as the business is located in a very busy high street.
Leeson's occupies a single fronted premises on a very busy high street.
Ground Floor -
- Main shop area with wall & stand displays
- Changing room in the shop and also another in the hallway
- Large fitting room at the front
- Men's suit room at the back
- Kitchen & bathroom facilities
- Storage
- 3 rooms - one of the rooms currently used as a workspace
Tenure
We are advised that the business is being sold on a leasehold basis, with the current lease less than 1 year remaining on the 5 year lease (as of October 2022). The rent is £1,165 per month.
A new buyer would look negotiating a new lease with the landlord, or relocating to another suitable premises.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
